Commercial Property Insurance That Covers What It Actually Costs to Rebuild

A fire, storm, or equipment loss can shut a business down in hours. MJM Global structures commercial property coverage that accounts for your building, your contents, your revenue, and the exposures most standard policies quietly exclude.

What Commercial Property Insurance Covers — and What It Does Not

Commercial property insurance provides financial protection for your physical business assets: your building, tenant improvements, equipment, inventory, and other business personal property. A well-structured policy responds to losses caused by fire, wind, theft, vandalism, and a range of other named perils — keeping a single incident from becoming a permanent closure.

 

What many buyers discover too late is what a standard property policy does not cover. Flood and earthquake are excluded from most commercial property forms by default. If your business sits in a flood zone, near a fault line, or simply in a region where either event is plausible, those perils require separate coverage — and the decision to add them should happen before a loss, not after. MJM Global reviews flood and earthquake exposure as part of every property placement, so you know exactly where your policy ends.

How MJM Global Structures Commercial Property Programs

Accurate valuation is the foundation of any property placement. An underinsured building does not simply result in a partial claim payout — it can leave a business unable to rebuild at current construction costs, which have risen sharply across most markets. We review replacement cost valuations on every account, not as a formality, but because the number on the policy has to reflect what reconstruction actually costs today.

 

For larger accounts, our market access extends well beyond what a regional or local agency can typically offer. We have the capacity to place property limits in excess of $250 million, with access to top-rated carriers in the United States and internationally. Mid-market and enterprise buyers who have outgrown their current broker will find that MJM Global competes directly with national firms — without the overhead, the layers of account management, or the loss of individual attention that often comes with them.

 

Our placement process includes:

 

  • Building and tenant improvement valuation at current replacement cost
  • Business personal property and inventory schedules
  • Business income and extra expense coverage, structured to match your actual revenue and fixed cost exposure
  • Separate flood and earthquake analysis for applicable locations
  • Equipment breakdown coverage where applicable
  • Inland marine coverage for property in transit or at off-site locations
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Industries We Commonly Place Commercial Property Coverage For

Commercial property exposure varies significantly by industry, and a single policy structure rarely fits every business. A restaurant, a warehouse operation, a real estate portfolio, and a light manufacturing facility each carry distinct physical and operational risks that require a tailored placement. MJM Global works across a broad range of industries to ensure that every property program reflects the specific exposures of the business it is designed to protect.

Frequently Asked Questions About Commercial Property Insurance

  • Does commercial property insurance cover business interruption?

    Business income insurance — also called business interruption coverage — is a separate coverage component that is typically added to a commercial property program. It replaces lost revenue and can cover ongoing fixed expenses if a covered loss forces you to suspend operations. MJM Global structures business income coverage as a named component of every property placement we handle, so it is not an afterthought.

  • Do I need separate flood insurance for my business?

    In most cases, yes. Flood damage is excluded from standard commercial property policies. Coverage for flood is available through the National Flood Insurance Program or through private market carriers, and it must be purchased separately. MJM Global evaluates flood exposure on every account and recommends appropriate coverage based on your location and the nature of your property.

  • Is earthquake damage covered under a commercial property policy?

    Earthquake is excluded from most standard commercial property forms. Businesses in seismically active regions — or in any area where earthquake exposure is a realistic concern — should obtain a separate earthquake endorsement or standalone policy. We review earthquake exposure as part of our standard property analysis.

  • How do I know if my building is insured for the right amount?

    The insured value on your policy should reflect what it would cost to rebuild your structure at today's construction costs — not its market value or what you paid for it. Construction costs have increased considerably in recent years, and many businesses are carrying property limits that no longer reflect actual replacement cost. We review valuations on every account we place to identify and correct this gap before a loss occurs.

  • Can MJM Global place property coverage for large or complex accounts?

    Yes. We have the market access and carrier relationships to place property limits in excess of $250 million for large or complex accounts. We work with top-rated carriers in the United States and internationally, which allows us to compete directly with national brokerage firms on accounts that smaller or regional agencies cannot adequately serve.